Oppenheimer Asset Management Inc. Has $1.54 Million Position in Dycom Industries, Inc. (NYSE:DY)

Oppenheimer Asset Management Inc. reduced its holdings in Dycom Industries, Inc. (NYSE:DYFree Report) by 3.4% during the 3rd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 17,297 shares of the construction company’s stock after selling 612 shares during the period. Oppenheimer Asset Management Inc. owned approximately 0.06% of Dycom Industries worth $1,539,000 as of its most recent SEC filing.

Several other hedge funds also recently bought and sold shares of the company. West Tower Group LLC bought a new position in Dycom Industries in the second quarter valued at $26,000. Resurgent Financial Advisors LLC acquired a new stake in Dycom Industries in the 2nd quarter worth about $36,000. Rockefeller Capital Management L.P. raised its stake in Dycom Industries by 114.0% in the 4th quarter. Rockefeller Capital Management L.P. now owns 490 shares of the construction company’s stock worth $45,000 after purchasing an additional 261 shares in the last quarter. BI Asset Management Fondsmaeglerselskab A S acquired a new stake in Dycom Industries in the 2nd quarter worth about $66,000. Finally, Quadrant Capital Group LLC raised its position in shares of Dycom Industries by 95.1% in the 2nd quarter. Quadrant Capital Group LLC now owns 675 shares of the construction company’s stock valued at $77,000 after buying an additional 329 shares in the last quarter. 98.43% of the stock is currently owned by institutional investors and hedge funds.

Insider Activity at Dycom Industries

In other news, CAO Sharon Villaverde sold 2,268 shares of the stock in a transaction on Friday, November 24th. The stock was sold at an average price of $102.10, for a total transaction of $231,562.80. Following the transaction, the chief accounting officer now owns 6,524 shares of the company’s stock, valued at approximately $666,100.40. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. 4.32% of the stock is currently owned by insiders.

Dycom Industries Trading Up 0.9 %

Dycom Industries stock opened at $114.29 on Wednesday. The business has a 50-day simple moving average of $112.16 and a two-hundred day simple moving average of $99.34. The company has a market cap of $3.35 billion, a P/E ratio of 15.42, a P/E/G ratio of 0.90 and a beta of 1.32. Dycom Industries, Inc. has a 52-week low of $77.33 and a 52-week high of $117.56. The company has a quick ratio of 3.26, a current ratio of 3.50 and a debt-to-equity ratio of 0.90.

Dycom Industries (NYSE:DYGet Free Report) last announced its quarterly earnings data on Tuesday, November 21st. The construction company reported $2.82 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.75 by $1.07. The company had revenue of $1.14 billion during the quarter, compared to the consensus estimate of $1.07 billion. Dycom Industries had a return on equity of 23.29% and a net margin of 5.32%. The firm’s revenue was up 9.0% on a year-over-year basis. During the same period in the previous year, the company posted $1.69 EPS. Analysts predict that Dycom Industries, Inc. will post 7.49 EPS for the current year.

Wall Street Analyst Weigh In

DY has been the topic of several research reports. KeyCorp assumed coverage on shares of Dycom Industries in a report on Wednesday, January 10th. They set an “overweight” rating and a $136.00 price target on the stock. Wells Fargo & Company upped their price objective on shares of Dycom Industries from $105.00 to $125.00 and gave the stock an “overweight” rating in a report on Wednesday, November 22nd. Raymond James upgraded shares of Dycom Industries from an “outperform” rating to a “strong-buy” rating and set a $120.00 target price for the company in a report on Friday, October 20th. StockNews.com downgraded shares of Dycom Industries from a “buy” rating to a “hold” rating in a report on Wednesday, November 22nd. Finally, B. Riley increased their price target on shares of Dycom Industries from $94.00 to $101.00 and gave the company a “neutral” rating in a research report on Wednesday, November 22nd. Two analysts have rated the stock with a hold rating, six have assigned a buy rating and one has given a strong buy rating to the company. According to data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and an average target price of $121.86.

View Our Latest Analysis on DY

Dycom Industries Profile

(Free Report)

Dycom Industries, Inc provides specialty contracting services to the telecommunications infrastructure and utility industries in the United States. The company offers engineering services to telecommunications providers, including the planning and design of aerial, underground, and buried fiber optic, copper, and coaxial cable systems; wireless networks in connection with the deployment of macro cell and new small cell sites; and program and project management and inspection personnel.

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Institutional Ownership by Quarter for Dycom Industries (NYSE:DY)

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